Exclusive:Representatives of the Italian energy company Eni, that recently discovered gas fields off the Egyptian coast,are expected to meet with Israel’s PM this week on preliminary talks on a tri-national energy accord.
By Tal Shalev
Italy has proposed a joint Italian-Israeli-Egypt cooperation on natural gas, i24news has learned. Representatives of the Italian energy company Eni are expected to arrive in Israel this week and will be meeting with Israeli Prime Minister Benjamin Netanyahu and Energy Minister Yuval Steinitz to discuss ideas for joining forces on gas exports to Europe.
The issue was first discussed by Netanyahu and Italian Prime Minister Matteo Renzi in their August 30 meeting in Florence, which took place hours after Cairo announced the historic discovery of a natural gas field off the coast of Egypt. Continue Reading »
In a major deal with Berlin, announced a day before Israel & Germany mark 50 years of diplomatic relations, they will provide the IDF with 4 vessels to protect Israel’s offshore gas rigs.
By Yoav Zitun
Defense Minister Moshe Ya’alon and German Defense Minister Ursula von der Leyen signed a contract Monday under which Israel will purchase four ships from Germany to protect its offshore gas rigs. The total cost of the vessels is estimated at about NIS 1.8 billion. The German government will finance a third of the deal, which was announced a day before Israel and Germany will mark 50 years of diplomatic relations. Continue Reading »
The visit to Israel this week of Özdil Nami, foreign minister of the self-styled Turkish Republic of Northern Cyprus, has landed Israel in hot water with its ally in the southern part of the divided island.
Özdil Nami – Photo Courtesy TRNC Foreign Ministry
Nami was a keynote speaker at the Israel Energy and Business Convention 2014 in Tel Aviv – at exactly the same time that Foreign Minister Avigdor Lieberman was visiting Cyprus and meeting with his Cypriot counterpart Ioannis Kasoulides. Continue Reading »
The national consensus holds that the discoveries of huge offshore natural gas fields in recent years amount to an economic revolution, one that will put the economy on easy street for generations to come. A leading British energy expert, however, says it’s an illusion.
Drilling at the Leviathan natural gas field off the Mediterranean shore. – Photo: Courtesy Albatross
“Exporting gas as LNG [liquefied natural gas] is very expensive. Israeli gas isn’t competitive enough to compete with LNG from other countries,” says Nick Butler, one-time senior energy adviser to former Prime Minister Gordon Brown, and former vice president for strategy and policy development at British Petroleum Group, in an interview with Globes’ Hedy Cohen.
The size of natural gas reserves in Israel’s Leviathan offshore natural-gas field is 16.4% bigger than previously estimated, partners in the field said on Sunday.
Drilling platform of the Leviathan natural gas field. – Photo: Albatross
Based on an updated analysis by consultant Netherland Sewall & Associates, the reserves’ “best estimate” was increased to 21.93 trillion cubic feet (620 billion cubic meters) from 18.91 tcf. The high estimate was raised by 10% to 26.52 tcf, while the low estimate was increased by 11% to 16.58 tcf.
The Egyptian petroleum minister said Wednesday he is fine with allowing British BG Group to import gas from Israel, Daily News Egypt reported.
An Israeli gas platform in the Mediterranean Sea, February 25, 2013. – Photo: Reuters
“As the minister of petroleum, I remain of the opinion that there is no problem in letting BG Group import Israeli gas to protect Egypt from international fines and arbitration,” said Sherif Ismail. He noted the company has yet to ask for government approval to start importing gas, according to the Egyptian daily.
This educational website operates without financial incentives. Furthermore, there are no commercial advertisements for profit, nor does it accept donations.
IsraelandStuff.com is truly a 'Labor of Love' with the sole purpose of putting Israel's real face in the light for all to see, while exposing the unfair double-standards, demonization & delegitimization against the only Jewish State.
What ‘Stuff’ can we find for you?
– REMEMBER —-> They are a political group – NOT a ‘people’
Speaking to her ‘brothers’ in Arabic, a proud, courageous Muslim woman reveals the truth about the State of Israel.
(Or do you prefer hearing if from a Muslim man?)
Follow us, We're Everywhere!
View Beautiful Israel
Palestinian History of Violence – The Obstacle to Peace
✡ Support Birthright-Israel ✡
The Time In Jerusalem, ISRAEL is:
Regardless of what the Palestinians, the Arab League, or the corrupt United Nations dictates,
THE WORLD KNOWS THE TRUTH:
Jerusalem is, and has always been, the Eternal Capital of the Jewish People AND the Jewish State of Israel!
Can we get any ‘Greener’? Yes! We can, but we need your help. —————————————————— קקל – Plant a Tree in Israel – JNF
Israel and Stuff shall not be held liable for any delays, inaccuracies, errors or omissions in any content, or for any actions taken in consequence. Israel and Stuff does not obtain release from the subjects, individuals, groups or entities contained in its photographs, graphics or quoted in its text. Further, no clearance is obtained from the owners of any trademarks or copyrighted material where the marks and material are included in photos or content. You shall be solely responsible for obtaining any and all the necessary releases from whatever individual or entity is necessary for any of your uses of Israel and Stuff material. You agree to indemnify Israel and Stuff from any losses, damages and expenses (including attorney fees) it incurs as a result of any claim based on your use of its materials in violation of these terms.
Visitors here (You) are hereby notified that you are strictly prohibited from disclosing, copying, distributing, disseminating, or taking any other action against me with regard to this website and the contents herein. The foregoing prohibitions also apply to your employee(s), agent(s), student(s) or any personnel under your direction or control.
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.